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Business Rebates

Save on Space and Water Heating Equipment for Your Business

Improving energy efficiency at your commercial facility, school or business is one of the easiest ways to reduce operating costs. New Mexico Gas Company offers instant rebates when you replace old space and water heating equipment. Your participating contractor or distributor will even complete the installation and paperwork.

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Benefits of Replacing Space and Water Heating Equipment

Making energy-saving upgrades now will help increase your bottom line and lower your energy costs for years to come, plus:

1

Reduce Overhead

Spend less on your operating costs.

2

Improve Comfort

Enhance the environment for customers and employees.

3

Decrease Maintenance

Save time and money with fewer maintenance needs and unexpected downtime.

4

Increase Efficiency

Save energy with reliable, high-efficiency equipment.

5

Instant Rebates

Instant rebates are available on high-efficiency equipment when you have a participating contractor or distributor install your equipment.

How It Works

High-efficiency space and water heating equipment must be purchased on or after April 1, 2023 and installed by March 31, 2024. Rebate applications must be received by April 30, 2024. See Program Terms and Conditions for additional details.

 

Space Heating Available Rebates
Equipment Type Efficiency Rating Instant Rebate Amount
Gas Furnaces

Furnaces

Up to 225 MBH, AFUE ≥ 95%

$324

Furnaces

Up to 225 MBH, AFUE ≥ 96%

$375

Gas Boilers

Hot Water Boiler

up to 300 MBH, AFUE ≥ 85%

$90

Condensing Boiler

up to 300 MBH, AFUE ≥ 92%

$240

Hot Water Boiler

300–2500 MBH, AFUE ≥ 83%

$630

Condensing Boiler

300–2500 MBH, AFUE ≥ 92%

$1,680

Hot Water Boiler

> than 2500 MBH, AFUE ≥ 83%

$1,350

Condensing Boiler

> than 2500 MBH, AFUE ≥ 92%

$3,600

Combination Boiler/Water Heater

 

Gas Boiler Rebate + Gas Tankless Rebate

 

Water Heating Available Rebates
Equipment Type Efficiency Rating (UEF) Instant Rebate Amount
Gas Storage Water Heaters/td>

Small Storage Water Heater

40–75 MBH, EF ≥ 0.80

$115

Large Storage Water Heater

75–300 MBH, EF ≥ 0.90

$300

Large Storage Water Heater

75–300 MBH, EF ≥ 0.95

$330

Gas Tankless Water Heaters

Small Tankless Water Heater

(50–200 MBH, EF ≥ 0.87)

$300

Large Tankless Water Heater

200–300 MBH, EF ≥ 0.90

$480

Large Tankless Water Heater

200–300 MBH, EF ≥ 0.94

$600

Apply Now

Customers who receive natural gas service from New Mexico Gas Company, as evidenced by the New Mexico Gas Company residential customer account number, are eligible.

How to Participate

Improve energy efficiency at your business in four easy steps:

2

Work with your participating contractor or distributor to identify the best, energy-efficient equipment for your business’s unique needs

3

Choose your upgrades and have your participating contractor or distributor perform the installations

4

Your NMGC instant rebate will be reflected on your invoice